Dogeverse, the latest entrant to the memecoin market, has managed to raise $15 million in its initial coin offering (ICO). According to a report from AMB Crypto, the new multi-chain memecoin hit the milestone on Monday. The $DOGEVERSE token has taken the crypto market by storm and is slated to launch on six different blockchains. Dogeverse claims to be the first Doge Meme token built on a multichain network.
According to the Dogeverse website, a single Dogeverse token is priced at $0.00031 in its ICO phase. Memecoin, however, is in the final stages of its pre-sale and will soon be listed on decentralized crypto exchanges to meet investor demand, the AMB Crypto report said.
The crypto sector has over 2.4 million tokens in circulation, with more entering the ecosystem daily. The memecoin category, which includes cryptocurrencies inspired by trending memes, was mainly popularized by Dogecoin and Shiba Inu, and has grown into a category worth $51 billion (roughly Rs. 4,25,799 crore), as reflects CoinGecko this month. Although there are several popular memecoins already circulating in the market, Dogeverse comes to compete with a special functionality.
As mentioned, Dogeverse is a multi-chain memecoin and lives on multiple blockchains instead of being supported on a single one like traditional cryptocurrencies. Dogeverse will exist on six blockchains: Ethereum, Binance Smart Chain, Polygon, Solana, Base and Avalanche. According to its official website, the $DOGEVERSE token is minted on Ethereum, but can be claimed, stored and traded on all six blockchains supported by Wormhole and Portal Bridge technology.
Dogeverse's ICO is one of the most successful of 2024 so far. Additionally, more than 16,000 followers have joined the crypto X page since the profile was created just a month ago in April. With the interest that the new memecoin has managed to generate in a short duration, the crypto community is now speculating whether Dogeverse could rival Dogecoin.
while #Dogecoin still leads the meme coin market, #DOGETEVER brings unique use cases, multi-chain interoperability and staking rewards.
Will it become “the next Dogecoin”? Only time will tell!
— Victor Chunir (@VictorChunir) May 11, 2024
What are your thoughts on Dogecoin's little brother Dogeverse?
We have accumulated long positions and are going to hold.
Experts predict around 800% in the coming months.— Kryptoszene.de (@kryptoszene_de) May 12, 2024
The memecoin ICO window will close in the next few days and the coin could soon find its way to crypto exchanges.
To participate in the Dogeverse presale, interested cryptocurrency buyers can connect their crypto wallets to the presale widget on the token's website and use ETH, BNB, MATIC, AVAX, SOL, or USDT to reserve $DOGEVERSE tokens , according to the official website. “Once you have completed the pre-sale purchase, you will be able to use the same wallet to claim your tokens before the first DEX listing. Claim and listing dates will be announced on our social media accounts,” the site said web.
